CA (Inter) Accounting is widely popular that these subjects of Accountancy are the boat for passing Group 1. People may say that CA is difficult but if you have deep conceptual clarity then nobody can stop you from scoring more than 90% marks.
This paper is an almost practical paper and little theory asked is also based on Accounting standards and practical only. You need to study each video carefully, make your notes simultaneously. These classes will first explain to you the concepts for which you must make notes, a huge variety of questions to be solved in your notebook with Me and Quiz to be solved at the end of every lecture.
You are also provided with an E-book where you will find a lot of questions for self-practice and what more, you also have e-notes of all the lectures which you can download at any time. Wow, that’s so wonderful.
It has been seen that the student who has a proper time schedule for attending the classes, is regular in their homework and gives all the tests regularly, surely gets excellent marks.
Your classes will give PTR (Point To Remember) which will become a backbone for your revision and conceptual clarity. So let’s start the classes now….
1. Process of formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs. 2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards). 3. Applications of Accounting Standards: 4. Company Accounts 1. (i) Preparation of financial statements – Statement of Profit and Loss, Balance Sheet and Cash Flow Statement; 2. (ii) Managerial Remuneration; 3. (iii) Profit (Loss) prior to incorporation; 4. (iv) Accounting for bonus issue and right issue; 5. (v) Redemption of preference shares; 6. (vi) Redemption of debentures. 5. Accounting for Special Transactions: ( i ) (ii) (iii) I n ve s t m e n t ; Insurance claims for loss of stock and loss of profit; Hire- purchase and Instalment sale transactions. 6. Special Type of Accounting 1. (i) Departmental Accounting; 2. (ii) Accounting for Branches including foreign branches; 3. (iii) Accounts from Incomplete Records. Note: If either new Accounting Standards (AS), Announcements and Limited Revisions to AS are issued or the earlier ones are withdrawn or new AS, Announcements and Limited Revisions to AS are issued in place of existing AS, Announcements and Limited Revisions to AS, the syllabus will accordingly include exclude such new developments in the place of the existing ones with effect from the date to be notified by the Institute.